Morgan Stanley, the issuer of the Market Vectors Currency ETNs, has filed a registration
statement (including a prospectus) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus in that registration
statement and other documents Morgan Stanley has filed with the SEC for more complete
information about the issuer and the offering of the Market Vectors Currency ETNs.
You may get these documents for free by clicking
here or EDGAR on the SEC Web site at
www.sec.gov. Alternatively, you may request a free copy of the prospectus
by calling Van Eck Securities Corporation at 1.888.MKT.VCTR; you may also request
a copy from Morgan Stanley or any other dealer participating in this offer.